Huobi creating its own Blockchain Protocol worth $166 million

Huobi, one of the largest cryptocurrency exchanges, has recently announced its plan to create its own open-source Blockchain Protocol valued at over $166 million. The fund will provide the platform for the Huobi community to vote on which ICOs to be listed on the exchange. Huobi plans to allocate $30 million of their tokens to the fund to provide the necessary capital to begin creation. Read more about Huobi’s plans for their social experiment here.